According to the 2023 edition of the biennial report on Alternative Legal Services Providers published by Thomson Reuters Institute, the Center on Ethics and the Legal Profession at Georgetown Law, and the Saïd Business School at the University of Oxford, the ALSP market has “grown exponentially” and made “great in-roads” with corporate legal departments and law firms. “The market for alternative legal services providers is showing itself to be a highly dynamic part of the overall legal ecosystem and one that is growing at an increasing rate as it forges new paths to serving both traditional law firms and corporate law departments,” says the report, which is based on an online survey of decision-makers at law firms and corporate law departments in the U.S., UK, Canada, the EU and Australia. The maturing ALSP sector now accounts for a whopping $20.6 billion segment of the legal market, and the growth path is accelerating – to a compounded annual growth rate (CAGR) of 20% from 2019 to 2021 from its already robust 15% CAGR between 2017 and 2019. “Both law firms and in-house counsel are increasingly seeing the value of alternative legal services providers,” says lead report author James W. Jones, a

Continue Reading ALSPs: Zooming into Hyperdrive

Greg Negus is the chief operating officer at Cornerstone Research. In this interview, he shares innovations in big data, as well as how artificial intelligence and machine learning can be used to support expert testimony.
Continue Reading Data Science Center Tames Big Data Projects

Keith Vallely, vice president and senior consultant with Epona, shares insights on how Epona has influenced and impacted the corporate legal space and what sets them apart from competitors in the document management space.
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Matt DenOuden, Vice President of Global Sales at Onit, explains why Artificial Intelligence (AI) is becoming so interesting for lawyers and legal operations, as well as how AI allows attorneys to focus on higher-value work and better serve their businesses.
Continue Reading AI Can Think and Move Through Work Like a Lawyer. But What Does That Mean for Lawyers?